1462

LAWS OF MARYLAND

[Ch. 300

	Employer's		Employer's
Employer's	Basic	Employer's	Basic
Benefit	Contribution	Benefit	Contribution
Ratio	Rate	Ratio	Rate
.0000β€”.0010	0.1%	.0181β€”.0190	1.9%
.0011β€”.0020	0.2%	.0191β€”.0200	2.0%
.0021β€”.0030	0.3%	.0201β€”.0210	2.1%
.0031β€”.0040	0.4%	.0211β€”.0220	2.2%
.0041β€”.0050	0.5%	.0221β€”.0230	2.3%
.0051β€”.0060	0.6%	.0231β€”.0240	2.4%
.0061β€”.0070	0.7%	.0241β€”.0250	2.5%
.0071β€”.0080	0.8%	.0251β€”.0260	2.6%
.0081β€”.0090	0.9%	.0261β€”.0270	2.7%
.0091β€”.0100	1.0%	.0271β€”.0280	2.8%
.0101β€”.0110	1.1%	.0281β€”.0290	2.9%
.0111β€”.0120	1.2%	.0291β€”.0300	3.0%
.0121β€”.0130	1.3%	.0301β€”.0310	3.1%
.0131β€”.0140	1.4%	.0311β€”.0320	3.2%
.0141β€”.0150	1.5%	.0321β€”.0330	3.3%
.0151β€”.0160	1.6%	.0331β€”.0340	3.4%
.0161β€”.0170	1.7%	.0341β€”.0350	3.5%
.0171β€”.0180	1.8%	.0351β€”-and over 3.6%

The basic rates in the above table shall apply for
the fiscal year beginning July 1, 1972, and for any
fiscal year beginning on or after July 1, 1973, when the
fund balance on the computation date equals or exceeds 3%
but is not in excess of 4.5% of the total taxable wages
for the immediately preceding calendar year.

For any fiscal year beginning on or after July 1,
1973, when the fund balance on the computation date is
less than 3% or equals or is in excess of 4.5% of the
total taxable wages for the immediately preceding
calendar year, the rates at which employers shall be
required to pay contributions shall be in accordance with
the table of basic rates, adjusted as shown in the table
of basic rate adjustments set forth below, but in no
event shall an employer be granted less than an 0.1% nor
more than 3.6% rate in any fiscal year.

For the purposes of this subsection, the term "fund
balance" means the total amount available for benefits in
the unemployment insurance fund, including amounts
receivable by the fund as federal reimbursements for
sharable benefits under the "Federalβ€”State Extended
Unemployment Compensation Act of 1970" and all amounts
receivable from any eligible employer who elects to
reimburse the fund for benefit, charges to his account in
lieu of contributions and the term "total taxable wages"
means the wages paid in a calendar year by all employers
subject to this article, which wages were subject to
contributions and reported to the Executive Director.